Nidec (OTCMKTS:NJDCY) Shares Down 6.8% - What's Next?

Key Points

• Nidec Corp. shares declined by 6.8% on Monday, trading as low as $4.01, with a significant drop in volume, indicating reduced investor interest.
• Equities research analysts have upgraded Nidec's stock rating, with Zacks changing it from "strong sell" to "hold" and Wall Street Zen moving it from "hold" to "strong-buy."
• Nidec reported quarterly earnings of $0.07 per share, meeting analysts' expectations, but revealed revenue figures that were much lower than expected, leading to cautious guidance for FY 2025.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) shares traded down 6.8% on Monday . The company traded as low as $4.01 and last traded at $4.10. 3,332 shares were traded during mid-day trading, a decline of 99% from the average session volume of 293,955 shares. The stock had previously closed at $4.40.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Nidec from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Nidec Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. The firm has a 50 day moving average price of $4.76 and a two-hundred day moving average price of $4.59. The company has a market capitalization of $39.12 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 0.70 and a beta of 1.12.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. On average, research analysts expect that Nidec Corp. will post 0.25 earnings per share for the current fiscal year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.

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